Copy of Find the amount at the end of 3 years and 10 months if P3,000 is invested at 89% compounded quarterly, using simple interest for anytime less than a year interest period Express your answer in 2 decimal places.

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 17E
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Question 41
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Find the amount at the end of 3 years and 10 months if P3,000 is invested at 89% compounded quarterly, using simple interest for anytime less than a year interest period.
Express your answer in 2 decimal places.
Transcribed Image Text:Question 41 Сopy of Find the amount at the end of 3 years and 10 months if P3,000 is invested at 89% compounded quarterly, using simple interest for anytime less than a year interest period. Express your answer in 2 decimal places.
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